With low exchange charges. Okx Volume Monitor … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It likewise uses extremely high yields in many cases when taking part in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might certify for discount rates.
One big downside of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden cost information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information before continuing. You likely will not recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you do not typically face with conventional banking platforms. The best practices for keeping your monetary accounts secure are comparable. These consist of using strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for many customer assets. It also has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted to buy apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re selling our position and that we want to take revenue at this level what we want to do is discover the distinction between these values and that’s going to give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Volume Monitor
distinction between the entry and the stop fine which’s going to provide us the quantity of tokens that we need to purchase in order to risk just 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount fine so that means that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have 10 thousand dollars to use alright since if we only had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account that makes it difficult all right so let’s visit buy bit here let’s say we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our take advantage of alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this take advantage of capability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars per week we’re choosing three winners a week fine we’re trying to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would advise using when growing a little account fine so the very first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a bit larger the 3rd thing and this is extremely important is everyone has a mental threshold when it comes to just how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a bit psychological about the trades and that’s something that you really want to prevent till you come comfortable doing that alright so state you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that back down to fifty dollars per trade choice that fixed amount when you want to preserve your capital and just choose an objective per day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to five thousand dollars per week so I’m utilizing you know about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and try to double my income all right so let’s enter into the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai fine however what I wish to do is find a location where I have actually a recently developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is two biggest waves up to three pullback is 4 and after that the high is 5 and the way we can search for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that find my element of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our price action comes down through